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Indonesia to Suspend Food Import Duties

By

Farida Husna And

Andreas Ismar

Updated Jan. 28, 2011 4:56 a.m. ET

JAKARTA—Indonesia will suspend import duties on wheat, soybeans, fertilizer and other food-related items for the rest of the year, escalating its fight against soaring food prices that have driven up inflation in Southeast Asia's biggest economy and other countries in the region.

It's the latest move by Jakarta to contain inflation, which is turning into a serious political headache for the government and has shaken confidence of...